UPDATE: Weezer Finish Geffen Contract, Debate Future

They're also prepping reissues and touring

UPDATE: Billboard has updated its story. Weezer is not necessarily leaving Geffen. Instead, they're exploring future options, one of which is to re-sign with the label.

Billboard reports that Weezerhave left Geffen, the label that's been their home ever since their 1994 self-titled debut, which everyone still calls The Blue Album. According to Billboard, the band made the decision to split from their longtime home in December, opting instead to "go independent," though nobody in the band has yet specified what, exactly, that might mean. Could we see Weezer signing with Kill Rock Stars or Metal Blade or Rap-A-Lot sometime in the next few months? God knows it wouldn't be the weirdest thing they've done in the past couple of years.

In the interview with Billboard, bassist Scott Shriner says that the band is working on new material: "We're always planning and scheming something. We're always working on some new music. I can't really go into any detail about that yet, but we're all writing and working on new stuff."

And if that wasn't enough Weezer-related activity, the band will also play some shows this summer, mostly at festivals. Shriner reports that Cuomo is "100 percent again" after being injured in a tour bus accident last December. Weezer's itinerary is below.